What is the price of rice per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka rice is between US$ 0.67 and US$ 1.82 per kilogram or between US$ 0.31 and US$ 0.83 per pound(lb). Click here to see today's exact prices of rice in Sri Lanka
The retail price range in Sri Lanka Rupee for rice is between LKR 206.95 and LKR 559.98 per kilogram or between LKR 93.85 and LKR 253.96 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka rice is between US$ 0.47 and US$ 1.27 per kilogram or between US$ 0.21 and US$ 0.58 per pound(lb).
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Sri Lanka Rice Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rice from Sri Lanka over the last five years has seen a steady increase. In 2017, the price was 1.03 US $ per kg, followed by 0.94 US $ per kg in 2019. The price then rose to 1.1 US $ per kg in 2021. Looking ahead, we can predict that the export price of Rice from Sri Lanka will remain around 1.1 US $ per kg in 2023 and 2024.The Sri Lanka rice exports are classified as:
- Broken rice (HS code 100640)
- Husked or brown rice (HS code 100620)
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Rice in the husk, "paddy" or rough (HS code 100610)
Sri Lanka Rice Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rice into Sri Lanka over the last five years has been relatively stable. In 2017, the price was $1.03, followed by a slight decrease to $0.94 in 2019. In 2020, the price dropped further to $0.92, before increasing to $1.10 in 2021. Looking ahead, we can expect the import price of Rice into Sri Lanka to remain relatively stable, with an estimated price of $1.10 in 2023 and $1.12 in 2024.Export values for Sri Lanka rice
The total values in export for rice in Sri Lanka were US$ 8,586, US$ 10,190, US$ 10,366 and US$ 10,364 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in Sri Lanka: Wheat, Rye, Barley, Oats, Maize, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
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Sri Lanka rice - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 9,436 tonnes of rice. For the year 2019 alone, the market for Sri Lanka rice (cereals/grains category) has decreased, with a change of -6.685 per cent compared to the year 2018. Between 2017 and 2019, rice's exports decreased by -5.05 pc earning the exporter US$10.36m for the year 2019. Sri Lanka's rice exports are categorised as:
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Rice in the husk, "paddy" or rough (HS code 100610)
- Broken rice (HS code 100640)
- Husked or brown rice (HS code 100620)
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Sri Lanka rice export values
In 2019, Sri Lanka sold rice costing 10.36m USD, a decrease of -0.06% from 2018's total rice export of 10.366m USD. The yearly reduction in value of Sri Lanka rice between 2017 to 2018 was 1.727 percent.
The annual/yearly change in the volume of Sri Lanka's rice exports between 2017 and 2019 was -5.05 per cent compared to a variation of -6.685% in the period between 2018 and 2019.
Sri Lanka's portion of the world's total rice's exports in 2019 was 41.6 percent. The country is ranked position 1 in world exports of rice.
Export markets for Sri Lanka rice ( in '000$ )
Sri Lanka's top destinations for rice are Azerbaijan, Germany, New Zealand, Israel and United Arab Emirates (UAE).
Import/Export Trends
Sri Lanka is a net exporter of rice. The annual growth of Sri Lanka rice in value between 2015 to 2019 was 112%, per annum, while annual growth in quantity during the same period was 103%, per annum.
Sri Lanka procured 57,258 tonnes of rice in 2019.
Production
The production of rice in Sri Lanka was 30,619,828 tonnes in 2019 and is forecast to change by an average of 16.85%. The country had approximately 7,660,768.00 hectares under rice cultivation.